{"id":607279,"date":"2023-09-30T09:34:38","date_gmt":"2023-09-30T04:04:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=607279"},"modified":"2023-09-30T10:05:45","modified_gmt":"2023-09-30T04:35:45","slug":"crude-oil-heads-for-2-weekly-gain-on-tight-us-supply-china-demand","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crude-oil-heads-for-2-weekly-gain-on-tight-us-supply-china-demand\/","title":{"rendered":"Crude oil heads for 2% weekly gain on tight US supply, China demand"},"content":{"rendered":"<p>Oil prices edged higher on Friday, and were headed for a gain of 2% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday. <\/p>\n<p>Front-month Brent November futures were up 42 cents, or 0.44%, to $95.80 per barrel at 0943 GMT, ahead of the contract&#8217;s expiry later in the day. The more-liquid Brent December contract was up 33 cents, or 0.35%, at $93.43 per barrel. <\/p>\n<p>U.S. West Texas Intermediate crude (WTI) gained 51 cents, or 0.56%, to $92.22 per barrel. <\/p>\n<p>Brent futures touched their highest since November 2022 on Thursday, hitting an intra-day peak of $97.69 a barrel. Meanwhile, WTI hit its highest intra-day price since August last year at $95.03 a barrel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices edged higher on Friday, and were headed for a gain of 2% for the week, driven by tight U.S. supply and expectations of strong fuel demand in China during the Golden Week holiday. Front-month Brent November futures were up 42 cents, or 0.44%, to $95.80 per barrel at 0943 GMT, ahead of the contract&#8217;s expiry later in the day. The more-liquid Brent December contract was up 33 cents, or 0.35%, at $93.43 per barrel. U.S. West Texas Intermediate crude (WTI) gained 51 cents, or 0.56%, to $92.22 per barrel. Brent futures touched their highest since November 2022 on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-607279","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=607279"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/607279\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=607279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=607279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=607279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}